Short Interest in Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Expands By 55.6%

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 13,904 shares, a growth of 55.6% from the February 26th total of 8,938 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 12,270 shares, the short-interest ratio is presently 1.1 days.

Pacer Lunt Large Cap Alternator ETF Stock Down 0.6%

Shares of NYSEARCA ALTL traded down $0.26 during mid-day trading on Friday, hitting $43.33. 4,192 shares of the company traded hands, compared to its average volume of 8,086. Pacer Lunt Large Cap Alternator ETF has a 1 year low of $31.30 and a 1 year high of $46.56. The stock has a market capitalization of $95.33 million, a price-to-earnings ratio of 21.07 and a beta of 0.98. The business has a 50 day moving average of $44.77 and a two-hundred day moving average of $43.70.

Institutional Trading of Pacer Lunt Large Cap Alternator ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc boosted its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 14.4% in the third quarter. IFP Advisors Inc now owns 1,984 shares of the company’s stock worth $84,000 after buying an additional 250 shares during the period. GeoWealth Management LLC raised its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 6.6% during the second quarter. GeoWealth Management LLC now owns 24,452 shares of the company’s stock valued at $921,000 after acquiring an additional 1,521 shares during the period. PFG Advisors raised its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 7.8% during the third quarter. PFG Advisors now owns 22,468 shares of the company’s stock valued at $954,000 after acquiring an additional 1,626 shares during the period. Raymond James Financial Inc. lifted its position in shares of Pacer Lunt Large Cap Alternator ETF by 1.9% in the 2nd quarter. Raymond James Financial Inc. now owns 190,115 shares of the company’s stock valued at $7,160,000 after acquiring an additional 3,473 shares in the last quarter. Finally, Maridea Wealth Management LLC purchased a new stake in shares of Pacer Lunt Large Cap Alternator ETF in the 3rd quarter valued at approximately $201,000.

About Pacer Lunt Large Cap Alternator ETF

The Pacer Lunt Large Cap Alternator ETF (ALTL) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that alternates exposure between low volatility and high-beta US stocks, weighted by momentum. ALTL was launched on Jun 24, 2020 and is managed by Pacer.